Current Report Filing (8-k)
March 06 2019 - 2:36PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 6, 2019 (March 1, 2019)
FORTUNE
VALLEY TREASURES, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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333-200760
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32-0439333
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(State
or Other Jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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No.10
of Tuanjie 2nd Road, Beice,
Humen,
Dongguan, 518000, China
(Address
of Principal Executive Offices) (Zip Code)
(86)
76982268999
Registrant’s
telephone number, including area code
(Former
Name or Former Address
if
Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (?230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (?240.12b-2 of this chapter).
Emerging
growth company [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01 Entry into a Material Definitive Agreement.
The
information contained in Item 2.01 below relating to the agreement described therein is incorporated herein by reference.
Item
2.01 Completion of Acquisition or Disposition of Assets
On
March 1, 2019, Fortune Valley Treasures, Inc. (the “Company”, or “we”, or “us”) executed a
Sale and Purchase Agreement (the “Agreement”) to acquire 100% of the shares and assets of Jiujiu Group Stock Co.,
Ltd. (“JJGS”), a company incorporated under the laws of the Republic of Seychelles. The transaction contemplated in
the Agreement was closed (“Closing”) on March 1, 2019.
Pursuant
to the Agreement, the Company has issued one hundred (100) shares of the Company’s Common Stock to JJGS to acquire 100%
of the shares and assets of JJGS for a cost of US$150 reflecting the value of the rights, titles and interests in the business
assets and all attendant or related assets of JJGS. Both partied agreed that this share issuance by the Company represents payment
in full of US$150.
Upon
Closing, JJGS became the Company’s wholly-owned subsidiary. Currently, JJGS does not have any operations or active business,
nor does it have any assets.
A
copy of the Agreement is attached to this report as Exhibit 10.01 and incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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FORTUNE
VALLEY TREASURES, INC.
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Dated:
March 6, 2019
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By:
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/s/
Lin Yumin
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Name:
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Lin
Yumin
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Title:
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President,
CEO, CFO, Director
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Fortune Valley Treasures (PK) (USOTC:FVTI)
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